G-20

G-20

Context India has assumed G-20’s Presidency from Indonesia on 1 Dec 2022. On this occasion, 100 monuments including UNESCO world heritage sites bearing the G-20 logo will be illuminated for seven days from December 1 to 7.

Highlights-

  • At the Bali (Indonesia) summit, the divisions in the world over the war in Ukraine were apparent. Indonesia’s leadership saved the day and made joint declaration possible.
  • India will need to navigate the divide in the grouping over Russia-Ukraine war. The Presidency presents a unique opportunity for India’s foreign policy to put its stamp on the global agenda.
  • Delhi has officially declared it will use it to reflect on concerns of the global south.
  • India’s ambitious, action-oriented and decisive agenda will include promoting environment friendly lifestyles (LiFE Initiative), de-politicisation of global supply chain of food, fertilizer and medical products.

What is G-20 logo’s importance?

  • Logo reflects our idea of Vasudhaiva Kutumbakam (the whole earth is a family). “The lotus flower symbolises our Puranic heritage, our aastha (belief) and boddhikta (intellectualism).
  • Motto is “ One Earth One Family One Future

What is G-20?

The G20  is an intergovernmental forum comprising of 19 countries and the European Union (EU). It works to address major issues such as global economy, international financial stability, climate change mitigation and sustanable development. It comprises of 85% of Global GDP and 75% of Global trade.

(Credits- SAG Infotech blog)

What are India’s priorities for G20?

  • India has repeatedly spoken about the global South, hence, positioning itself as the voice of the developing world.
  • India is readying push for global consensus on maintaining stable supply chains for food and fertilizers to ensure food security, and for stable supply of energy.
  • Taking its digitised public goods architecture to developing countries including UPI.
  • Pushing a global campaign for a sustainable lifestyle, LiFE (Lifestyle for Environment).

Way Forward It is an opportunity for India to make mark as a global leader, to unite countries on common issues and to make developing countries issues a priority on International stage.

NEWS– G-20 Presidency presents a unique opportunity for India’s foreign policy to put its stamp on the Global Agenda

Syllabus– Mains; GS-2; International Relations

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